Middle East development banks shell out millions in trade finance relief
The Arab Petroleum Investments Corporation has launched a new US$500mn package to support the energy industry in the Middle East,…
Trading, Broking & Stock Exchanges
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Saudi Arabia wealth fund builds team to hunt for global bargains
Saudi Arabia’s $320bn sovereign wealth fund has reassigned some staff to finding quick trading wins in global markets battered by…
Saudi fiscal adjustment preferable to a devaluation
A currency devaluation would be too costly for Saudi Arabia and the better option is to adapt to the oil…
Egyptian bank enters region through Kenya
Commercial International Bank, Egypt’s largest private sector lender by assets, is targeting more buyouts in East Africa after completing acquisition…
TISE listing is a first for ADGM funds industry
The International Stock Exchange has become home to the first fund established in the Abu Dhabi Global Market to be…
UAE Exchange House's parent company now 'finds' $1 billion plus debt
The parent company of UAE Exchange Centre had “hidden” debts of around $1.3 billion, according to the latest revelations of…
Asset gains: Bitcoin surge lights up global crypto market
Bitcoin’s $1,000 surge on Thursday sent shockwaves throughout the crypto market, with data indicating the crypto rally could be sustainable.…
QSE gains more than 100 points on buy interests of domestic, Gulf institutions
The increased buying interests of domestic and Gulf institutions on Wednesday lifted the Qatar Stock Exchange more than 100 points…
Capital Intelligence affirms QIIB rating at ‘A’ with stable outlook
Capital Intelligence Ratings has affirmed its ratings of QIIB at ‘A’ with a stable outlook, which “reflects the strength” of…
$1,850 potential upside target: Gold price technical analysis
Gold has been appearing increasingly bullish since last week, after bulls rallied the yellow-metal back towards the $1,930 technical area.…
Lebanese banks set rate of pounds per dollar for withdrawals from dollar accounts-sources
Lebanese banks have set an exchange rate of 3,000 pounds per dollar for withdrawals from U.S. dollar accounts for this…
Gulf bonds prove resilience amid virus-induced adversity
As investors dealt with volatility across most of its prized asset classes, Gulf bonds are emerging resilient after yet another…